It is compulsory for property buyers in the Capital to pay stamp duty in Delhi during property registration. This is an essential process that validates the transfer of ownership from the old owner to the new one. Furthermore, if you do not have a property registered in your name, you won’t be able to prove your ownership of the asset.
If you have recently bought a property in Delhi, here’s everything you need to know about stamp duty and registration charges in Delhi. Read on!
Stamp duty and registration charges in Delhi depend upon the price of the property and the ready reckoner rate. A ready reckoner rate is also referred to as the circle rate, which defines the minimum value at which an owner can sell his/her property.
The following table details the stamp duty rate in Delhi:
Note that stamp duty charges in Delhi can be different in different areas, for instance:
|Individual||Charges in NDMC||Charges in Delhi Cantonment|
Apart from stamp duty, a property buyer is also required to pay a registration charge of 1% of property value. This fee is levied on property buyers irrespective of their gender.
Thus, the total cost of stamp duty and registration charges would be 7% for men. Similarly, women and joint buyers will have to pay stamp duty and registration charges in Delhi worth 5% and 6% of the property price, respectively.
Stamp duty in Delhi depends on the following factors:
Circle rate for properties in Delhi is decided by considering the category of area the property is located in. For example, this rate is higher in category A areas and lower in category B areas.
Usually, the stamp duty applicable on commercial properties is more than that of residential properties.
Stamp duty depends on the value of a property. Thus, older properties will have a lower stamp duty in comparison to the newer ones.
You can easily calculate stamp duty on a property in Delhi by following these steps:
Step 1: Visit Revenue and Stamps Department of Delhi’s website.
Step 2: Click on ‘Important Information regarding Registration of Property’ under the ‘E-registrar’ tab.
Step 3: Click on ‘Stamp duty calculator’, which you will find under the stamp duty section.
Step 4: You will be taken to a new page, where you need to choose a few details, including deed name, sub-registrar, subdued name, and locality.
Step 5: After that, click on ‘Submit.
Step 6: On the next page, enter a few more details, such as:
Once you enter these details, the charges concerning stamp duty in Delhi for purchase of a property will be displayed.
You can pay stamp duty and plot registry charges in Delhi through the SHCIL (Stock Holding Corporation of India) website. Simply follow these steps:
Click on SHCIL. Hover on “Products & Services’. Select ‘e-Stamping Services and click on ‘e-Stamping’.
You will be directed to a new page. Here, from the dropdown menu, choose ‘NCT of Delhi’.
Next, click on ‘Online Payment’. You will be directed to Online e-Stamping Payment System.
Before you pay the stamp duty, it is best to register as a user. Fill the form and save to proceed.
Use your username and password to login.
Select the payment mode and complete the payment process.
After following these steps, you can visit the sub-registrar’s office to complete the process of property registration.
You need to furnish the following documents to pay property stamp duty in Delhi:
Before you proceed to pay the stamp duty and registration charges of a property in Delhi, consider remembering the following pointers:
The Government of Delhi has removed the physical stamping process. You can easily pay your stamp duty in Delhi online. That said, keep in mind that the government makes frequent changes in the guidelines related to registry and stamp duty charges. Make sure that you stay updated with them.
Ans: No, the National Capital Region follows the particular state’s laws while framing the charges for stamp duty and registration. For instance, in Noida, you will have to pay stamp duty as per the rules of the Government of Uttar Pradesh.
Ans: Yes, under Section 80C of Income Tax Act, you can avail tax deduction for stamp duty and registration charges. However, note that the maximum deduction amount under this Section is Rs. 1,50,000.
Ans: No, the Delhi government has introduced e-stamping. Thus, there is no method to pay stamp duty and registration charges offline. Furthermore, the Government of Delhi has appointed Stock Holding Corporation of India Limited (SHCIL) as the body responsible for e-stamping.
Ans: The circle rate or ready reckoner rate is the minimum price at which a commercial or residential property can be sold. The statement or development authorities decide this price based upon various factors. Note that the circle rate can be lower than the actual market value of a property.
Ans: No, typically, home loans are provided by excluding the stamp duty and registration charges. Thus, you must factor in these charges beforehand and plan your finances accordingly. You can use a stamp duty calculator to make an informed decision.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
|Section 112A||Section 50||Section 245|
|Section 80QQB||Section 32AD||Section 250|
|Section 35D||Section 143 (1a)||Section 115BAB|
|Section 143||Section 79||Section 140A|
|Section 17(2)||Section 3||Section 94A|
|Section 147||Section 80||Section 40A|
|Section 48||Section 115AD||Section 14A|
|Section 45||Section 285BA||Section 6|
|Section 36||Section 87A||Section 80GGA|
|Section 244A||Section 234E||Section 28|
|Section 197||Sectio 548||Section 194J(1)(ba)|
|Section 145A||Section 80P||Section 92CD|
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